Wholesale Trucks See Third Week of Steep Declines

Average wholesale values declined more last week, as truck segment declines outpaced car segment vehicles, according to Black Book’s Nov. 19 Market Insights report.

Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.

Full-size, compact luxury, and compact crossovers/SUVs experienced some of the highest depreciation last week, as values for the respective segments declined 1.30%, 1.20%, and 1.06%.

Full-size pickup depreciation was also high last week, continuing the multi-week trend of steep depreciation for the segment.

“Truck segments declined more than car segments last week,” said Anil Goyal, EVP, operations for Black Book. “In the previous three-week period, values of full-size pickups have declined at the steepest rate seen this year.”

The best-performing truck segment vehicle last week was the compact van segment.

Overall car segment values declined 0.58% last week, compared to 1.32% the week before. Prestige luxury, sporty, and subcompact cars experienced the highest depreciation at 0.91%, 0.93%, and 0.88%, respectively.

The lowest depreciation within the car segment came from midsize cars.